American

Business

Presentation by RT and Tianxing

Agenda:

1. American Business
2. Business Concepts
3. Comparison across countries
4. Discussion Questions.
Research Questions

1. What effect does business have on American values?

2. Does America see business owners as heroes or as villains? How’s that different for other
countries.
3. What is “Technophilanthropists”?
4. How business values differ from other countries?
Some Facts

1. Business has the highest GDP percentage in the US (12.8%).

2. Businesses revolve around unique individuals (entrepreneurs)
3. The richest man on earth is a businessman (Net Worth $219B)
Richest People in the US vs
Richest People in Russia

1. Elon Musk ($212B) 1. Alexey Mordashov and family ($29.1B)

2. Jeff Bezos ($171B) 2. Vladimir Potanin ($27B)
3. Bernard Arnault and family ($158B) 3. Vladimir Lisin ($26.2B)
4. Bill Gates ($129B) 4. Vagit Alekperov ($24.9B)
5. Warren Buffett ($118B) 5. Leonid Mihel’son ($24.9B)
Differences in Business Culture

US Russia

1. Socially acceptable 1. Socially unacceptable

2. Low entry level 2. High entry level
3. An engine of progress 3. Government owned business
4. Private business 4. High level of corruption
5. Low level of corruption 5. Low level of trust
6. High level of trust
 Difference in Values
American Chinese

1. “No monopoly in power” 1. Reasonable competition

2. Value hard work 2. Respect and support small
3. Value competition businesses
4. Business competition > government regulation 3. government regulation >
5. Dream of getting rich (rise class) Business competition (before
6. Value creativity 2009, now is more like a
combination)
“Heroes”

Tianxing Zhang
Hero
A person who is admired or idealized for courage, outstanding achievements, or noble qualities (oxford
dictionary)

Entrepreneurs as Hero Traditional American Hero

1. Build great industries out of every little 1. Courage

2. Success stories appear in popularity
2. Selflessness
3. Humility
novels 4. Patience
3. Being advertised as such 5. Caring
Hero?
Pros
1. “Entrepreneurs holding the weight
of the world. Today, during these
difficult times, entrepreneurs are
more heroes than ever. Their
responsibility, stress, endurance,
and resilience demands have
increased significantly.
Entrepreneurs have to be able to
manage change than at any other
time before.
2. “Technophilanthropists”
Cons
1. The change rate of income of
middle class <<<< the change rate
of gap between middle class and
rich
2. 1% holds almost the same amount
of the whole middle class.
3. Not doing anything other than
making more money with the
money
4. They are not the people appear on
the advertizing
How People See Entrepreneurs in China
From villains to
“heros”

1949 October the first nation founding

1978 “Reform and Opening” (hero)

1979 “Crime of speculation” (villain)

2009 “Abolish the crime of speculation.” (Accepting it as a

normal thing.)

2018-2020 China–United States trade war (hero)

Discussion question

1. What do you want to change about your country’s business culture?

2. What US businesses could learn from your country’s experience?
3. Do you have any experience in running business?
4. Who is your “Hero”?
References

1. Datesman, M., Crandall, J., & Kearny, E. N. (2014). American ways: An introduction to American
culture. (4th ed.). White Plains, NY: Pearson Education.
2. https://www.inc.com/bill-murphy-jr/5-qualities-of-incredibly-heroic-leaders.html
3. https://www.onetoonecf.com/entrepreneurs-are-heroes-too/
4. Forbes Magazine. (n.d.). Forbes. Retrieved April 7, 2022, from https://www.forbes.com/
5. Google. (n.d.). Google Images. Retrieved April 7, 2022, from https://images.google.com/
6. https://carnegieendowment.org/2012/07/30/zh-pub-53753
7. http://www.npc.gov.cn/zgrdw/huiyi/cwh/1110/2009-08/27/content_1515981.htm
8. https://zh.wikipedia.org/wiki/%E4%B8%AD%E7%BE%8E%E8%B4%B8%E6%98%93%E6%88%
98
9. Crime of Speculation: Death and Birth of a Pocket Crime( CLI.A.1270585 ) 陈学良. 现代法学
(modern jurisprudence magzines)